George invested P25,000 at 9% compounded quarterly. After 2 ½ years, the rate changed to 9.6% compounded semiannually. How many conversion periods (n) were there when the rate was still 9%? Select the correct response: 8 4 12 10

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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George invested P25,000 at 9% compounded quarterly. After 2 1/2 years, the rate changed to 9.6%
compounded semiannually. How many conversion periods (n) were there when the rate was still
9%?
Select the correct response:
8
O 4
O 12
10
Transcribed Image Text:George invested P25,000 at 9% compounded quarterly. After 2 1/2 years, the rate changed to 9.6% compounded semiannually. How many conversion periods (n) were there when the rate was still 9%? Select the correct response: 8 O 4 O 12 10
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